The Fair Tax is a progrowth tax plan from "summary" of The Fair Tax Book by Neal Boortz,John Linder
The Fair Tax is a progrowth tax plan because it is designed to promote economic growth and prosperity. By eliminating the current income tax system and replacing it with a consumption tax, the Fair Tax simplifies the tax code and makes it easier for individuals and businesses to comply with their tax obligations. This simplicity leads to increased efficiency and productivity in the economy, as resources that were previously wasted on tax compliance can now be redirected towards more productive activities. Furthermore, the Fair Tax is a progrowth tax plan because it encourages savings and investment. Under the current income tax system, savings and investment are penalized through taxes on capital gains, dividends, and interest income. However, under the Fair Tax, these taxes are eli...
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